Author Topic: How to cope with Inflation and a "stable" Pension  (Read 384 times)

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Offline Johnnie F.

How to cope with Inflation and a "stable" Pension
« on: November 08, 2018, 06:11:28 PM »
Though pensions in our home countries are supposed to get adjusted to inflation regularly, many of us feel that still they can't buy as much as before. How do you cope with a pension of decreasing purchasing value in Thailand? What are your means of adjusting to inflation above the regular raises supposed to compensate and the Baht getting stronger? What do you give up or reduce first?

Examples:

- sell car and use public transport,

- drink less alcohol,

- stop smoking etc.
Fun is the one thing that money can't buy
 

Online Taman Tun

Re: How to cope with Inflation and a "stable" Pension
« Reply #1 on: November 08, 2018, 08:16:54 PM »
If we really had to then we could sell the car as the songtel goes right past the gate.  I wouldn’t want to give up alcohol so that only leaves Plan B...find a job either in Thailand or back in the home country for a few months.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline thaiga

Re: How to cope with Inflation and a "stable" Pension
« Reply #2 on: November 09, 2018, 01:47:48 PM »
I wouldn’t want to give up alcohol so that only leaves Plan B...find a job either in Thailand or back in the home country for a few months.
amazing some think that expats would choose to go back home, leaving their wifes and loved ones so they could carry on drinking, some don't have nothing back home and if they was to find a job there the money would be gone far quicker than it would here as the alcohol prices, cost of living are more. so no money to come back or send home to keep your wife.

bearing in mind a lot of expats i know are well into their seventies, ok they might have their air fare, who's going to meet them at the airport, give them a home, finding a job at their age, yeah rite,   talkings cheap.

just so they can carry on drinking.
Anyone who goes to a psychiatrist should have his head examined.
 

Online Taman Tun

Re: How to cope with Inflation and a "stable" Pension
« Reply #3 on: November 09, 2018, 03:02:21 PM »
Hi Thaiga, I think it will depend on personal circumstances.  It is obviously easier if you can stay with relatives. But if you can get a short contract at good rates you can be in and out before the taxman even notices.  Given that the objective is to prop up a drooping pension, then all options should be considered.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #4 on: November 09, 2018, 03:13:26 PM »
Given that the objective is to prop up a drooping pension, then all options should be considered.

Would be good to get a list of those!

More possibilities?

- always let others pay at get togethers,

- stop restaurant visits, eat and drink only at home and what the wife gets,

- shop only at cash and carry markets with lower prices,

- buy secondhand or at lost&found auctions withoput gasping,

- keep wearing clothes until they fall off,

- open the windows and watch the world from inside...
Fun is the one thing that money can't buy
 

Online Taman Tun

Re: How to cope with Inflation and a "stable" Pension
« Reply #5 on: November 09, 2018, 03:38:34 PM »


More possibilities?

- always let others pay at get togethers,
This is just not cricket.
- stop restaurant visits, eat and drink only at home and what the wife gets,
Increase roadside restaurant visits..cheaper than eating at home.

- shop only at cash and carry markets with lower prices,
Shop only at the local markets..not cash & carry

- buy secondhand or at lost&found auctions withoput gasping,
Yes, agreed.

- keep wearing clothes until they fall off,
May be an indecency problem here.  Also unlikely to be offered work at a decent rate if you look like a tramp.

- open the windows and watch the world from inside...
Yes, sell the television and watch the real world.


- Get OAP card on the MRT.  ( BTS are spoilsports, OAP cards for Thai citizens only)

- Only drink Leo, none of this foreign muck

- Try eating the cheapest fooods: chicken feet and tamarind


Lots more, I am sure.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline thaiga

Re: How to cope with Inflation and a "stable" Pension
« Reply #6 on: November 09, 2018, 03:42:04 PM »
Hi Thaiga, I think it will depend on personal circumstances.  It is obviously easier if you can stay with relatives. But if you can get a short contract at good rates you can be in and out before the taxman even notices.  Given that the objective is to prop up a drooping pension, then all options should be considered.
you have to be back in the country for i think it's six months before your pension can be proped up, some need propping up themselves, no fault of their own, just age related. the days of the night watchmen sitting round the brazzier at the roadworks have gone mate, some would just be a burden.

someone with no relatives or friends to help, what do they do when they reach the airport back home, on a bitterly cold night, do tell me.
Anyone who goes to a psychiatrist should have his head examined.
 

Offline thaiga

Re: How to cope with Inflation and a "stable" Pension
« Reply #7 on: November 09, 2018, 03:44:49 PM »
Would be good to get a list of those!

More possibilities?

- always let others pay at get togethers,

- stop restaurant visits, eat and drink only at home and what the wife gets,

- shop only at cash and carry markets with lower prices,

- buy secondhand or at lost&found auctions withoput gasping,

- keep wearing clothes until they fall off,

- open the windows and watch the world from inside...
just stop drinking
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #8 on: November 09, 2018, 03:49:03 PM »
just stop drinking

Better: make water to wine like Jesus (at least dream of these powers while sipping ;D)
Fun is the one thing that money can't buy
 

Offline thaiga

Re: How to cope with Inflation and a "stable" Pension
« Reply #9 on: November 09, 2018, 04:04:49 PM »
think of all that money you parted with over the years to others around you  :-[ the good ole farang - or he was when he had a few bob  :-[

at least you will see who loves you if you ain't got no money  :-[
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #10 on: November 09, 2018, 04:09:30 PM »
think of all that money you parted with over the years to others around you  :-[ the good ole farang - or he was when he had a few bob  :-[

at least you will see who loves you if you ain't got no money  :-[

That's a very old tune!









Fun is the one thing that money can't buy
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #11 on: November 09, 2018, 04:23:42 PM »
think of all that money you parted with over the years to others around you  :-[ the good ole farang - or he was when he had a few bob  :-[

at least you will see who loves you if you ain't got no money  :-[

But - does it help and cure or is it just (more) self-inflicting pain?

Once I lived the life of a millionaire,
Spent all my money, I just did not care.
Took all my friends out for a mighty good time,
Bought bootleg liquor, champagne and wine.
Then I began to fall so low,
Lost all my good friends, I did not have nowhere to go.
I get my hands on a dollar again,
I'm gonna hang on to it till that eagle grins.
'Cause no, no, nobody knows you
When you're down and out.
In your pocket, not one penny,
And as for friends, you don't have any.
When you finally get back up on your feet again,
Everybody wants to be your old long-lost friend.
Said it's mighty strange, without a doubt,
Nobody knows you when you're down and out.
When you finally get back upon your feet again,
Everybody wants to be your good old long-lost friend.
Said it's mighty strange,
Nobody knows you,
Nobody knows you,
Nobody knows you when you're down and out.

What about real advices? ;)
Fun is the one thing that money can't buy
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #12 on: November 09, 2018, 04:46:21 PM »
But - does it help and cure or is it just (more) self-inflicting pain?

As to the "friends" it is probably just self-inflicting pain to start thinking of instead of drinking with them now. But it might help getting oneself down to earth again.
Fun is the one thing that money can't buy
 

Online Taman Tun

Re: How to cope with Inflation and a "stable" Pension
« Reply #13 on: November 09, 2018, 04:51:07 PM »
Wow, that Scrapper Blackwell is just incredible.  As for you Thaiga, if you arrive in the UK completely destitute they will fix you up with a house and benefits in no time at all. Oops forgot, you are British...nothing doing.
We are masters of the unsaid words, but slaves of those we let slip out. Churchill
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #14 on: November 09, 2018, 05:55:38 PM »
It's a serious problem for some expats now, when not only inflation in Thailand exceeds the inflation adjustment of their pensions from Europe or the US, Australia etc., but the exchange rate takes its toll in addition to that.

Of course there are also some "natural" factors to level that a little. For example, as people get older they stay at home much more, prefer the quiet of their garden to a disco etc. But one should not bet on that, other desires  and costly interests might arise.

Savings? Well, if you eat of your savings, they'll be gone someday! So there is no counting on them as a fix.

And people who don't drink alcohol from the beginning won't save anything they wasted before.
Fun is the one thing that money can't buy
 

Offline Johnnie F.

Re: How to cope with Inflation and a "stable" Pension
« Reply #15 on: November 09, 2018, 06:34:06 PM »
Well, I think, the only way not to get drawn into that swirl too badly is from the beginning on a modest lifestyle here. When some come here, they think it's sooo cheap (and expect it to be like that for them forever) and set up a life in luxury.

If you build a modest house instead of a flashy mansion, you won't have as much expenses to maintain it, to keep it flashy etc. Finding the balance between the euphoria, that you can afford a lot more here than in your home country, and the understanding that things don't always remain like that forever is just one of the problems you're facing here.
Fun is the one thing that money can't buy
 

 



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